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OKLAHOMA CITY—DEREK CHRISTOPHER SWANN, 39, of Norman, was sentenced yesterday to serve 40 months in federal prison for money laundering related to a failed Edmond commercial and residential development called “The Falls,” announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma. Earlier this year, Giovanni Bryan Continue reading… Norman Man to Serve 40 Months in Prison and Pay $4.3 Million in Restitution in Connection with Edmond Condominium Project KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced that two California men were indicted by a federal grand jury today for a mortgage fraud scheme that defrauded a failed Sugar Creek, Mo., bank of more than $8.5 million. BALTIMORE—Brenda Lukenich, age 60, of Hughesville, Maryland pleaded guilty this week to mail fraud arising from a scheme to defraud lenders and a title insurance company of $1.7 million. Two co-defendants are scheduled for trial on November 7, 2011. The plea agreement was announced by United States Attorney for the District of Continue reading… Title Company Escrow Accountant Pleads Guilty in $1.7 Million Mortgage Fraud Scheme HOUSTON—Two Houston businessmen, a mortgage company loan officer, and a title company attorney and escrow officer have been indicted for their alleged involvement in a scheme to defraud residential mortgage lenders of more than $22 million in loans. CINCINNATI—A federal grand jury has indicted four people who ran a Cincinnati real estate business known as American Equity Group (AEG) with fraudulently obtaining more than $13 million in loans through a loan fraud scheme that targeted homeowners or builders in or near foreclosure. The scheme allegedly caused a loss of $6 million. Carter M. Stewart, Continue reading… Four Charged with Running $13 Million Loan Fraud Scheme CHICAGO—A former South Holland man was sentenced to 17½ years in federal prison for directing a $35 million mortgage fraud scheme involving more than 120 residences on the city’s south side. The scheme caused various lenders and financial institutions to lose approximately $16 million on mortgage loans that were not repaid by the borrowers or Continue reading… Former South Holland Man Sentenced to 17½ Years in Prison for Directing $35 Million Mortgage Fraud Scheme Involving More Than 120 Residences in the Chicago Area The FBI released it’s Mortgage Fraud Report for 2010 showing that mortgage fraud continued at elevated levels in 2010 and was consistent with levels seen in 2009. The top states for mortgage fraud activity in 2010 were Florida, California, Arizona, Nevada, Illinois, Michigan, New York, Georgia, New Jersey, and Maryland. KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced that a former real estate agent and a former loan officer are among five co-defendants who have pleaded guilty in federal court to their roles in an $11 million mortgage fraud scheme that involved upscale homes in Lee’s Summit, Blue Springs, Continue reading… Real Estate Agent, Loan Officer Among Five Defendants to Plead Guilty to $11 Million Mortgage Fraud U.S. Attorney’s Office HOUSTON—Claymon “Butch” Trammell, along with his wife, Jeannettea Williams, and daughter, Michelle Trammell, have all pleaded guilty to conspiracy to commit wire fraud for their roles in a multi-million-dollar mortgage fraud scheme, United States Attorney José Angel Moreno announced today. The three residents of Houston entered their pleas yesterday in Continue reading… Mother, Daughter, Father Plead Guilty to Mortgage Fraud Scam PHOENIX—Brett Matheson, 46, pleaded guilty on Monday in federal court to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix. Two others have also entered guilty pleas and are awaiting sentencing. Ronald Johannes Sneijder, 48, a former owner of a title and escrow company based in the District of Columbia, pled guilty last week to the lead count in a recently filed indictment, bank fraud, announced U.S. Attorney Ronald C. Machen Jr. and James W. McJunkin, Assistant Director in Charge of the Continue reading… Former Title and Escrow Agent Pleads Guilty to Mortgage Fraud Last week, a loan originator, the 12th and final defendant in a large-scale mortgage fraud ring, was sentenced in federal court for his role in fraudulent property transactions that were part of a larger mortgage fraud conspiracy involving 21 property deals and more than $10.6 Continue reading… Final Defendant Sentenced to 70 Months for Involvement in Large-Scale Mortgage Fraud Ring This week, in federal court in St. Paul, a jury convicted a 44-year-old Burnsville man of conspiring with others to bilk mortgage lenders out of more than $43 million. Following a six-day trial, the jury found Troy David Chaika guilty on seven counts of wire fraud, three counts of mail fraud, Continue reading… Federal Jury Convicts Burnsville Man of Bilking Mortgage Lenders Out of More Than $43 Million Ronald Johannes Sneijder, 48, a former owner of a title and escrow company based in the District of Columbia, has been indicted on federal charges relating to mortgage fraud. The total amount of loans was approximately $1,829,000. The indictment, which was unsealed today, was returned May 13, 2011 in the U.S. District Continue reading… Former Title and Escrow Agent Indicted for Mortgage Fraud This week, Mary Lee Reinking of Clinton, IA, a former mortgage broker with Crow Valley Mortgage in Bettendorf, Iowa, was sentenced by United States District Judge John A. Jarvey to five years’ probation, including one-year home confinement, in connection with Reinking’s previous guilty plea to one count of wire fraud. Reinking Continue reading… Former Mortgage Broker Sentenced for Mortgage Fraud A federal jury convicted a disbarred Chicago lawyer on fraud charges for her role in facilitating staged real estate transactions involving Chicago homes in 2003, federal law enforcement officials announced today. The defendant, Lorie Westerfield, was found guilty on three counts of wire fraud and was acquitted on one additional fraud Continue reading… Disbarred Chicago Lawyer Guilty in Federal Mortgage Fraud Case U.S. Attorney Dennis Burke announced this week two indictments charging 12 Arizonans for their involvement in multi-million-dollar mortgage fraud conspiracies. Between the two cases, the defendants fraudulently obtained more than $19 million in loans and more than $5 million in “cash back” loan proceeds. The defendants are charged with various Continue reading… Twelve Arizonans Indicted in Multi-Million-Dollar Mortgage Fraud Schemes $19 Million in Fraudulently Obtained Loans Department of Justice Press Release For Immediate Release Romeo Home Builder Gets Jail Time in Mortgage Fraud Scheme Giuseppe Cracchiolo, 60, of Romeo, Michigan, was sentenced for his role in a mortgage fraud scheme to six months’ imprisonment, followed by three years’ supervised release, United States Attorney Barbara Continue reading… Home Builder Gets Jail Time in Mortgage Fraud Scheme Charles H. Evans, Jr., 57, of Jackson, and his brother Jon Christopher Evans, 53, also of Jackson, pled guilty in U.S. District Court this week to conspiracy to commit money laundering and bank fraud, U.S. Attorney John M. Dowdy, Jr. and FBI Special Agent in Charge Daniel McMullen announced. Continue reading… Two Mississippi Lawyers Plead Guilty to Money Laundering Conspiracy and Federal Bank Fraud United States Attorney Robert E. O’Neill announces the return by a grand jury of an indictment charging Diogenes Aguasvivas (age 38, of Tampa) with two counts of wire fraud. If convicted, Aguasvivas faces a maximum penalty of 20 years in federal prison on each count. Continue reading… Tampa Man Indicted for Participating in Mortgage Fraud Scheme Yesterday a federal jury convicted a City of Chicago building inspector of federal bribery charges for accepting two $1,000 cash bribes from a cooperating contractor and demanding two $2,000 cash bribes from developers to approve inspections at residential and commercial construction sites, federal law enforcement officials and the city’s Inspector Continue reading… Chicago Building Inspector Convicted of Bribery A Massachusetts attorney, Michael R. Anderson, 41, of Framingham, was charged last week in federal court with wire fraud, bank fraud, and money laundering in connection with a multi-year, multi-property mortgage fraud scheme in Dorchester and Roxbury. United States Attorney Carmen M. Ortiz; Richard DesLauriers, Special Agent in Charge of the Federal Bureau of Investigation, Boston Continue reading… Attorney Charged in Property Mortgage Scam For Immediate Release Alleged Schemes Defrauded Investors in Multiple States and Abroad NEWARK, NJ—Eliyahu Weinstein, aka “Eli Weinstein,” was arrested at his home this morning by federal agents on charges that he ran an investment fraud scheme causing losses of at least $200 Continue reading… Leader of $200 Million Real Estate Investment Scam Arrested for Fraud Three members of an alleged mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit were arrested this morning on wire fraud conspiracy charges, U.S. Attorney Paul J. Fishman announced. Ronald Harris Jr., 40, of West Orange, N.J.; Sterling Continue reading… Three in New Jersey Arrested and Charged in Foreclosure Rescue Scheme Dennis Norman According to a press release issued by the FBI, nearly 500 people have been arrested in a nationwide mortgage fraud take-down as part of “Operation Stolen Dreams.” This operation was launched on March 1, 2010 and, according to the FBI, has lead to a total of 485 arrests, 330 convictions and Continue reading… Mortgage Fraud Sweep Results in Almost 500 Arrests Beth Phillips, United States Attorney for the Western District of Missouri, announced today that two more defendants have pleaded guilty in federal court to charges related to mortgage fraud schemes, including a $12.6 million conspiracy that involved 25 upscale residential properties in Lee’s Summit, Missouri and Raymore, Missouri and a Continue reading… Former Mortgage Broker, California Woman Plead Guilty to Mortgage Fraud A 10-count indictment has been unsealed charging six individuals with conspiracy to commit wire fraud and wire fraud, announced U.S. Attorney Karen P. Hewitt. The defendants are charged with submitting false and fraudulent mortgage loan applications and related documents to banks and other lending institutions, thereby inducing the institutions to make Continue reading… Six Charged with Wire Fraud Based on $20 Million Mortgage Fraud Scheme The founder and head of Chicago Development and Planning was sentenced yesterday to 15 years and eight months in prison, and ordered to pay more than $9 million in restitution for wire fraud, mail fraud, and money laundering, U.S. Attorney Joseph P. Russoniello announced. Patricia Morgen pleaded guilty on Dec. 16, 2009. According Continue reading… Ponzi Scheme and Mortgage Fraud Mastermind Sentenced to 15 Years, Eight Months Defendants Include a Mortgage Broker and Loan Processor This week the FBI announced the unsealing of a superseding indictment charging defendants Anson Joachin a/k/a A.J. Alexandre, 39, of Parkland, Florida, John Fisher, 35, of Jupiter, Florida, Tracey Balli, 35, of Pembroke Pines, Florida, and Delano McLennon, 33, of North Lauderdale, Florida, for Continue reading… Four Broward and Palm Beach Residents Charged in Multi-Million-Dollar Mortgage Fraud Scheme The United States Attorney’s Office announced today that Aaron Duncan, the former CEO and owner of The Duncan Group, has pleaded guilty to fraud charges involving a $3.9 million investment scheme. According to court documents, Duncan represented that The Duncan Group was involved in real estate investments, including buying, rehabilitating, and selling residential real estate. Duncan Continue reading… CEO of the Duncan Group In St Louis Pleads Guilty in Multi-Million Dollar Ponzi Scheme |
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